August 2023

Albany Update – $739M Kew Gardens Interchange Project Honored by American Assoc. of State Highway and Transportation

ALBANY—New York Gov. Kathy Hochul announced earlier this month that a major project recently completed by the New York State Department of Transportation—The Kew Gardens Interchange—was named a winner of the Northeast Association of State Transportation Officials region in the “Best Use of Technology & Innovation, Large Project” category.

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Washington Update – 222,000 U.S. Bridges Need Repair; Price Tag: $319B

WASHINGTON—More than 222,000 U.S. bridges need major repair work or should be replaced, according to the American Road & Transportation Builders Association’s (ARTBA) analysis of the recently released U.S. Department of Transportation 2023 National Bridge Inventory (NBI) database released on Aug. 16. That figure represents 36% of all U.S. structures.

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Financial Management – Successful Succession in a Family-Run Business Requires Planning for Construction Industry Owners

By their very nature, family businesses in the construction industry can thrive on the strength of relationships that run deeper than those between unrelated co-workers. Accordingly, family-run construction businesses present challenges specific to their structure and ownership. Only 30% of family-owned businesses survive into the second generation, and a mere 12% carry into the third, according to the Family Business Alliance. This indicates that many of these businesses may not have the proper guidance to assist with generational planning.

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NY State, City Contribute $200M for Long Sought After Redevelopment of the Kingsbridge Armory in the Bronx

NEW YORK—If at first you don’t succeed, try, try again…and again. New York State Gov. Kathy Hochul and New York City Mayor Eric Adams announced on Aug. 8 that the redevelopment of the long vacant Kingsbridge Armory in the South Bronx will move forward with the release of Request for Proposals by the New York City Economic Development Corp. next month.

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New Law Ensures Prevailing Wage on Road Utility Jobs

ALBANY—New York Gov. Kathy Hochul announced on Aug. 16 she had signed legislation (S.4887/A.5608) into law, enacting the “Roadway Quality Assurance Act,” strengthening New York’s construction workforce by ensuring they are paid the prevailing wage. This requirement uplifts workers and local communities across New York State and contributes to reliable utility service for ratepayers, state officials said.

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2023 – 18 Students Share $90,000 in College Scholarships From CIC’s Louis G. Nappi Management-Labor Fund

TARRYTOWN, NY—Eighteen college and graduate students will begin the fall semester each with a $5,000 grant from the Louis G. Nappi Construction Labor-Management Scholarship Fund for studies in Engineering, Architecture, Mathematics and Applied Sciences for the 2023-2024 academic year. The announcement of the $90,000 in scholarships awards was made by John Cooney, Jr., executive director of the Construction Industry Council of Westchester & Hudson Valley, Inc.

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